A Receiving Report

question 60

Multiple Choice

A receiving report:

• A)identifies the need for merchandise and begins the purchasing process.
• B)identifies that the merchandise has been received and ends the purchasing process.
• C)is sent by the purchasing department to the customer who purchases the item.
• D)includes the invoice,receiving report,purchase order and purchase request.

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Definitions:

Mirror Image Rule

A legal doctrine stating that an offer must be accepted exactly without modifications for a contract to be valid.

Contract Interpretation

The process of determining the meaning of the terms and provisions within a contract, often involving analysis of language, context, and intent of the parties.

Standard Construction Rule

Principle in legal interpretation that mandates the use of ordinary or commonly accepted meanings of words, in the absence of specific definitions.

Mutual Assent Rule

A fundamental principle in contract law that states a contract is only formed when parties involved agree on the same terms at the same time, indicating mutual agreement.